Bitcoin sellers ‘dry up’ as weekly exchange inflows near 2-year low

Bitcoin (BTC) faces a new “consolidation zone” as exchange inflows tag multiyear lows, new analysis says.

In a post on X on April 1, Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, declared that Bitcoin sellers had “dried up.”

Average exchange inflows down 64% since November

Bitcoin sell-side pressure has eased considerably since its first push above the $100,000 mark in late 2024, data shows. 

Analyzing BTC inflows to major crypto exchanges, Adler revealed a…